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Apr 24, 2013
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apple did slightly better than expected. its stock is as you know down $300 from the record high it set back in september. nevertheless apple says it will distribute $100 billion to shareholders by the end of 2015. apple is also buying back $60 billion of its own stock. >>> time now 4:40. coming up, how thousands of people could be affected by a water emergency. plus -- >> i know the feeling. i know the anxiety. >> the governor talking to crime victims. what happened to him that proves no one is immune. >> and it's an extreme case of road rage. what made this driver go over the edge? ,, surveillance video... relead by >>> a serious case of road rage when you least expect it in an alley. check the surveillance video released by the beverly hills police department. the white bmw going after the cyclist in the alley. the driver hits the man, pins him up against a metal trash bin. the cyclist was injured and should be okay. an earlier fight between the men sparked the incident. in beverly hills. crazy. >> that is not good. >>> a
apple did slightly better than expected. its stock is as you know down $300 from the record high it set back in september. nevertheless apple says it will distribute $100 billion to shareholders by the end of 2015. apple is also buying back $60 billion of its own stock. >>> time now 4:40. coming up, how thousands of people could be affected by a water emergency. plus -- >> i know the feeling. i know the anxiety. >> the governor talking to crime victims. what happened to him...
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Apr 22, 2013
04/13
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on wall street, several major companies including apple, ford and exxonmobil will release their earnings reports this week. this comes as the market finishes its worst week since november. but the market did manage to recover some of its losses friday. the dow rose 10 points while the nasdaq climbed 39. >>> asian markets were mostly hirer ahead of economic data from china. tokyo's nikkei added 2% a nearly five-year high. hong kong's hang seng added a fraction. >>> investors who on to their boeing stock following the grounding of its new 787 dreamliner are reaping the rewards. the faa approved a fix for the battery problem. boeing was up 19% from its low point this year. >>> it may be a better idea to drive than fly especially now with the cost of a gallon of gas dropping 11 cents in the past two weeks. the new lundberg survey found the national average now stands at 3.54 for a gallon of regular. tulsa, oklahoma, is the cheapest at 3.21 while chicago is the most expensive in the continental u.s. at 3.97. back to you. >> erica, no surprise a lot of giving people out there. over a million d
on wall street, several major companies including apple, ford and exxonmobil will release their earnings reports this week. this comes as the market finishes its worst week since november. but the market did manage to recover some of its losses friday. the dow rose 10 points while the nasdaq climbed 39. >>> asian markets were mostly hirer ahead of economic data from china. tokyo's nikkei added 2% a nearly five-year high. hong kong's hang seng added a fraction. >>> investors...
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Apr 24, 2013
04/13
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and hopefully apple can lead the way to a positive day for everyone out there. the company did meet expectations in the latest quarter. even though its profit fell 18% from a year earlier to $9.5 billion, first year-over-year profit dropped for apple in a decade. revenue though up 11% to $43.6 billion another record quarter for the company. no new product announcements coming out but it did listen to shareholders. it is going to reward them with $145 billion in cash. it's upping its dividend by 15% and expanding buy back to $60 billion. after dropping in after-hours trading after that report yesterday,apple up 1.25%. also helping the market this morning is boeing after it topped earnings expectations. hits shares are rising quite a bit. -- its shares are rising quite a bit. durable goods orders dropped 5% last month due to a big drop in aircraft orders down 48%. in february you can see that goods orders were up by 4.3%. that report though not helping out all that much as we look at the big board right now. the blue chips are dropping by 11 points. nasdaq is up b
and hopefully apple can lead the way to a positive day for everyone out there. the company did meet expectations in the latest quarter. even though its profit fell 18% from a year earlier to $9.5 billion, first year-over-year profit dropped for apple in a decade. revenue though up 11% to $43.6 billion another record quarter for the company. no new product announcements coming out but it did listen to shareholders. it is going to reward them with $145 billion in cash. it's upping its dividend by...
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Apr 23, 2013
04/13
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apple and volkswagen are going to build an icar. cnet editor at large brian cooley joins us this morning to tell us all about it. it's an ibeetle i guess? >> exactly. they are going to roll out a new version of it. >> reporr: itwas just shoing to be a beetle that has the apple touch. apple has never worked with a carmaker before to revise and create a special edition of a car. this is a very big deal. here's the specifics. you can see it there. it doesn't look different from a regular beetle but all the styling touches will be done with apple. look at the top of the dash and you see where the iphone docks in a cuss stop dashtop dock. this isn't just more music in a custom dashtop dock. in will allow additional gauges and displays. there is the apple logo in volkswagen script. so it's an interesting blend. that iphone on the dash will do like i said additional gauges and information will display there that aren't on the dash. it will let you do postcards so you can hit a button on there and send out to your friends on social media or
apple and volkswagen are going to build an icar. cnet editor at large brian cooley joins us this morning to tell us all about it. it's an ibeetle i guess? >> exactly. they are going to roll out a new version of it. >> reporr: itwas just shoing to be a beetle that has the apple touch. apple has never worked with a carmaker before to revise and create a special edition of a car. this is a very big deal. here's the specifics. you can see it there. it doesn't look different from a...
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Apr 18, 2013
04/13
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for the first time in nearly two years, apple stock price fell below $400. a drop in demand for ipod and iphone products led investors to sell off that stock. shares fell from an all-time high in september of $705 to close at $402 yesterday. >>> 4:52. coming up, realtime validation. why one bay area city wants to start counting cyclists. >> and the san francisco waterfront lit up to celebrate a new tenant. ,,,,,,,,,,,,,,,,,, >>> we have a pollen count today which favors mulberry, oak and grass. watch out. >> and we're still watching this breaking news in downtown san francisco. a lot of police on scene investigating something suspicious. we know the bomb squad is out there and they're telling people to avoid the intersection near 3rd and market. muni and bart may be impacted. much more coming up. >>> commuting in san francisco is about to get a little easier if you traveling by bicycle. the city is going to install its first realtime bike barometer on market street. the digital display counts the number of people in the bike lane at any given time. bike ridi
for the first time in nearly two years, apple stock price fell below $400. a drop in demand for ipod and iphone products led investors to sell off that stock. shares fell from an all-time high in september of $705 to close at $402 yesterday. >>> 4:52. coming up, realtime validation. why one bay area city wants to start counting cyclists. >> and the san francisco waterfront lit up to celebrate a new tenant. ,,,,,,,,,,,,,,,,,, >>> we have a pollen count today which favors...
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Apr 18, 2013
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is cirrus logic's biggest customer so that meant another downbeat note for apple. stock fell 5.5% below $400 a share for the first time since 2011. stocks lower this morning by .5%. hanging just above $400 a share. the tech sector overall under a lot of pressure,er, not looking great to start -- earnings not looking great to start the quarter. google reports after the close. ebay reported yesterday. ist profit was good at $677 million even though revenue grew. it missed on expectations and ebay shares are falling 5.5% in the early going this rnmog. on the economicfront, the labor department reporting that first time weekly unemployme claims rose 4,000 this past week to 352,000. four-week average up to 361,000. still within a range suggesting job growth. market opening lower right now. dow is down 5. nasdaq down 2. s&p down a quarter point. back to you. >> thank you. >>> get this. a 92-year-old pilot makes a smooth emergency landing in florida and it's caught on tape. he did a great job. the plane came in for a landing. there's something missing. the pilot radioed t
is cirrus logic's biggest customer so that meant another downbeat note for apple. stock fell 5.5% below $400 a share for the first time since 2011. stocks lower this morning by .5%. hanging just above $400 a share. the tech sector overall under a lot of pressure,er, not looking great to start -- earnings not looking great to start the quarter. google reports after the close. ebay reported yesterday. ist profit was good at $677 million even though revenue grew. it missed on expectations and ebay...
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Apr 22, 2013
04/13
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. >>> a lot is riding on apple's earnings report that is expected tomorrow. they have had a tough couple of weeks. kcbs radio's financial reporter jason brooks reports. >> reporter: it seems like it's been a long time now since apple stock was above $700, back in september when they had a streak. it's been struggling and fell below $400 last week for the first time since december 2011. the company reports its fiscal 2nd quarter earnings after the closing bell tomorrow. it's expected to report an 18% drop in profits from a year earlier which would be the first year-over-year drop in profit since 2003. lots of worries that iphoneand ipad sales are much weaker as a lot of consumers hold off the next product refresh from apple and a lot will be riding on that. and for the stock tomorrow. the one good thing is with so many analyst downgrades, any good news from apple could turn it around tomorrow. ebay is trying to leverage its user base in a vote in congress. the company started sending emails to its 40 million usingers this weekend trying to get them to convince
. >>> a lot is riding on apple's earnings report that is expected tomorrow. they have had a tough couple of weeks. kcbs radio's financial reporter jason brooks reports. >> reporter: it seems like it's been a long time now since apple stock was above $700, back in september when they had a streak. it's been struggling and fell below $400 last week for the first time since december 2011. the company reports its fiscal 2nd quarter earnings after the closing bell tomorrow. it's...
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Apr 22, 2013
04/13
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. >>> apple, amazon, caterpillar, at&t, ford, starbucks, exxonmobil, just some of the companies scheduled to come out with earnings reports this week. more than 80 companies reported last week. 72% did better than analysts expected. stocks lost ground last week though despite closing higher on friday. the dow up 10. nasdaq up about 40. and the futures are up today. so that's good. >>> investors who held on to their boeing stock after the new 787 dreamliner was grounded are reaping the rewards now. the faa approved a fix for the battery system that kept dreamliner out of service for three months. boeing stocks surged 2% on friday up 19% from its low point this year. >>> and another major rating agency has stripped britain of its aaa credit score. fitch down gridded them one knowledge to aa-plus -- downgraded them one notch to aa- plus saying they can't get a handle on their debt. >>> the latest lundberg survey shows the california average for a gallon of regular gas dropped 9 cents over the past two weeks. it's now down to 3.90. the highest average surprise in san francisco at 3.96 a gallo
. >>> apple, amazon, caterpillar, at&t, ford, starbucks, exxonmobil, just some of the companies scheduled to come out with earnings reports this week. more than 80 companies reported last week. 72% did better than analysts expected. stocks lost ground last week though despite closing higher on friday. the dow up 10. nasdaq up about 40. and the futures are up today. so that's good. >>> investors who held on to their boeing stock after the new 787 dreamliner was grounded are...
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Apr 23, 2013
04/13
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more earnings reports will come out today including apple, at&t and delta airlines. nearly one-third of the companies in the s&p will report the results by the end of the week. the reports have been pretty good so far. on wall street the dow reversed its early slide and gained 19 points yesterday. nasdaq climbed 27. >>> your automated teller machines, atms, might become more versatile soon. some of the nation's largest banks are testing machines to let customers actually have a live video chat with the teller and receive exact changes. the new atms will also allow you to split deposits between accounts and make loan and edit card payments, as well. > your ne purchase could cost you more. a proposed sales tax would demand online retailers with sales of more than a million dollars to tax it shoppers. the move could generate between 12 to $23 billion a year. the national retail federation supports the bill. bay area-based ebay does not. its ceo emailed millions of users to ask them to fight the initiative. the senate began debating the bill yesterday. >>> passwords are
more earnings reports will come out today including apple, at&t and delta airlines. nearly one-third of the companies in the s&p will report the results by the end of the week. the reports have been pretty good so far. on wall street the dow reversed its early slide and gained 19 points yesterday. nasdaq climbed 27. >>> your automated teller machines, atms, might become more versatile soon. some of the nation's largest banks are testing machines to let customers actually have a...
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Apr 24, 2013
04/13
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they predict it will be the biggest rival to apple iphone 5 allowing users to control the screens with their eyes. t-mobile will sell it for $150 plus $20 a month over two years. it will be interesting to see how that works because i'm curious, what if your eyes you know -- i'm always losing attention and getting distracted. does that mean it goes off the screen? that would be a nightmare. >> did you get rid of your blackberry? has it come up to our century now? >> reporter: no, frank. thank you very much. i still have my fossil. [ laughter ] >> very good. >> keep it, ashley. it's all right. >> reporter: i don't like change. >> we hear there's some evidence out there that the rich are getting richer. what's that all about? >> reporter: yes. it is the battle cry of the 99%. the rich keep getting richer while the rest of us become poorer. according to a new report from the pew research center it found that was true. it says from 2009 to 2011, the net worth of wealthiest 7% of u.s. households rose 28% while everyone else's worth dropped 4% so i would like to leave you on that positive not
they predict it will be the biggest rival to apple iphone 5 allowing users to control the screens with their eyes. t-mobile will sell it for $150 plus $20 a month over two years. it will be interesting to see how that works because i'm curious, what if your eyes you know -- i'm always losing attention and getting distracted. does that mean it goes off the screen? that would be a nightmare. >> did you get rid of your blackberry? has it come up to our century now? >> reporter: no,...
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Apr 19, 2013
04/13
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numbers today stay in the mid-70s down in the south bay, a few low 80s, too. 79 in sunnyvale, home of apple computer, 80 cupertino. 82 morgan hill. san jose today 81 degrees. east bay we look at low 80s. 81 at livermore, pleasanton 82. and 82 at antioch. 76 vallejo near the delta. and 80 degrees in santa rosa and 78 degrees in petaluma. 75 for novato and 80 for sonoma. in the extended forecast we are going to be looking for numbers to still warm slightly through the weekend and into next week. look at tuesday numbers approaching mid- to upper 80s. and all the way toward next thursday. still stay warm inland 70s along the bay about as good as it gets with a mild beach. that's weather, here's traffic with elizabeth. >>> thank you, brian. we are still getting some more details about this accident in hayward. we have just confirmed that it is a fatal accident on mission boulevard so they closed off a couple of block stretch of mission boulevard both directions between blossom way and medford avenue. so this was an accident involving a pedestrian. and i'm just seeing some new information coming
numbers today stay in the mid-70s down in the south bay, a few low 80s, too. 79 in sunnyvale, home of apple computer, 80 cupertino. 82 morgan hill. san jose today 81 degrees. east bay we look at low 80s. 81 at livermore, pleasanton 82. and 82 at antioch. 76 vallejo near the delta. and 80 degrees in santa rosa and 78 degrees in petaluma. 75 for novato and 80 for sonoma. in the extended forecast we are going to be looking for numbers to still warm slightly through the weekend and into next week....
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Apr 23, 2013
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more earnings reports coming out today including apple, at&t and delta airlines. three biggies. nearly one-third of the companies in the s&p will report their results this week alone. the reports have been pretty good so far. on wall street the dow reversed an early slide yesterday and gained 19 points. the nasdaq climbed 27. >>> stock indices have more than doubled since the march 2009 bottom. but many investors still a little spooked by the markets. here to explain why is jill schlesinger, cbs news senior business analyst. >> reporter: good morning. >> ordinary investors might pile into stocks. tell us what's going on. >> reporter: well, it's so wild because the financial crisis and the subsequent 55% drop in stock indexes clearly have lot of a lasting impression on investors. according to bankrate.com's financial security index, a whopping 76% of respondents say they are just saying, no to stocks. that's a huge number. economists call this recency bias. we tend to use our resent experience as a guide for what's going to happen in the future. sohen stocks are soaring, we think
more earnings reports coming out today including apple, at&t and delta airlines. three biggies. nearly one-third of the companies in the s&p will report their results this week alone. the reports have been pretty good so far. on wall street the dow reversed an early slide yesterday and gained 19 points. the nasdaq climbed 27. >>> stock indices have more than doubled since the march 2009 bottom. but many investors still a little spooked by the markets. here to explain why is...
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Apr 17, 2013
04/13
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apple having a rough go in the early going. its shares are down 2.25%. speculation i have had many sales in the current quarter may fall off until the next product refresh. back to you guys. >> thank you, jason brooks. >>> million-dollar video ads are coming to your facebook page this summer. the menlo park company hasn't released much details. the company execs who heard the pitch from facebook says the ads will be costly. the ads will be no longer than 15 seconds long and users will not encounter them more than 3 times a day. at first the ads will appear on facebook's desktop version. >> could be annoying. three times a day. >>> time now for a look at what's coming up a little later on "cbs this morning." >> gayle king joins us now live in new york with more on the big show. good morning. >> reporter: good morning, frank and elizabeth. frank, did you just say something about menlo park? >> i did. isn't that your hometown? >> i was going to say i went to menlo atherton high school, mighty bears, class of 1972. >> bay area girl, as well. >> love the bay
apple having a rough go in the early going. its shares are down 2.25%. speculation i have had many sales in the current quarter may fall off until the next product refresh. back to you guys. >> thank you, jason brooks. >>> million-dollar video ads are coming to your facebook page this summer. the menlo park company hasn't released much details. the company execs who heard the pitch from facebook says the ads will be costly. the ads will be no longer than 15 seconds long and users...